Russia: Stangold keeps gold output volumes unchanged

Stangold LLC has started the washing season and intends to extract 60 kg of gold.

According to the company, output has remained unchanged since 2017.

Since 2011 the company has been annually developing the alluvial gold sites at the Verkhniy Sirik Brook.

Reserves are estimated at 96.8 kg of gold. (Ukrainian metal)

Ukraine: AMKR updates automation system at Light Section Wire Rod Mill No. 6

ArcelorMittal Kriviy Rih has completed modernization of the automation control system of Light Section Wire Rod Mill No. 250/150-6 in the Rolling Shop No. 3. There the company produces bar and coil rod with diameter from 5.5 up to 32 mm. The initial project price was estimated at UAH 48 million, but actual costs amounted…

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Russia: VTB raises stake in Polymetal after repo deal

Russia’s second biggest lender VTB has raised the stake in Polymetal International plc to 5.15% from 0.16% as a result of a repo deal, the bank said.

The deal took place on May 14. (Prime/Ukrainian metal)

Russia: RUSAL reregistering business in Kaliningrad

Russian aluminum producer RUSAL is reregistering the business in a special administrative zone in Kaliningrad, Yelena Bezdenezhnykh, vice-president for regional policies and government relations, said at the St. Petersburg International Legal Forum. “RUSAL is relocating to Kaliningrad, as you know, there is reregistration,” Bezdenezhnykh said. “In this case this is one of the good examples…

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Russia: Karabashmed stops last old converter

Karabashmed has put out of operation the last of the three 60-ton converters. They are replaced by new Kumera machinery with the capacity of 150 tons each.

Soon the old converters Nos. 2 and 3 will be disassembled.

Two new converters have already been commissioned. (Ukrainian metal)